Tag: Naspers

Naspers’ fintech company, PayU has invested USD11.5 million in PaySense as part of a Series B round of USD18 million. PaySense provides Indian consumers access to a credit line based on an alternative-data decisioning model. PaySense utilizes India Stack to create a digitized infrastructure across government and business services in […]

Naspers said it alonside Brazilian investment fund, Innova Capital invested US$124million dollars in Movile. Naspers said in a statement that the fresh capital will be used for the expansion of several of the group’s companies, including Zoop and Sympla, in addition to scaling iFood’s business with an investment in logistics. […]

Naspers Limited said it made an additional investment in Swiggy, an online food ordering and delivery platform in India. The Series G investment round is expected to close upon satisfaction of customary closing conditions. The participation in this US$210m Series G funding round is Naspers’ third investment in Swiggy, after […]

As a move to mark its final exit from Nigeria, Kinnevik has just confirmed that it has exited its stake in iROKO, a video streaming and TV company. As contained in its annual report, the Swedish tech investment company has shaded off Nigeria from its coverage and portfolio. Kinnevik has […]

Africa’s most valuable company, Naspers Limited has recently cashed-out about 2% of its stake in Tencent Holdings, China’s largest Internet company where it held about 35% stake. The decision to cash out about $6 billion from its Tencent stake is very instructive. Naspers only invested about $32 million in Tencent […]

Africa’s most valuable company, Naspers Limited said it is cashing out about 190 million units of its shares in Tencent Holdings. Naspers said it will sell the shares to investment funds to raise about $10.6 billion in value. Naspers said in a statement that it will sell: Shares, equal to approximately […]

Owners of Jumia, Rocket Internet, is said to be putting together an initial public offering to exit the company. Rocket is said to be looking at listing about 200 million euros worth of shares which is approximately $245.7 million using real-time exchange rate. According to people with the knowledge of […]

As expected the sudden announcement of Konga acquisition by Zinox Group is bound to generate debates, claims, counter-claims and revelations. However, some of the facts coming out are either interesting or worrying. Top of the list is the unconfirmed news that Zinox Group paid a paltry $10 million to Kinnevik, […]

South Africa’s Naspers Limited said it led a $14.4 million Series A investment in Joymode, an innovator in the movement from ownership to access. The company said the fund was raised through Naspers Ventures division with participation from previous investors. Also announced today, Mike Katz of Naspers Ventures, has joined […]

One of Nigeria’s largest eCommerce company, Konga, has carried out more job cuts in the first few days of this year. This was according to people with the knowledge of the matter. According to sources and some of the affected staff of Konga, not less than 70 people were laid […]